PPG Industries (NYSE:PPG) Earns Overweight Rating from Analysts at KeyCorp

Key Points

• KeyCorp initiated coverage of PPG Industries with an “overweight” rating and a $133 price target, implying 26.79% upside from the prior close. The firm estimates 2026 quarterly EPS of $2.11 and $1.72, with fiscal-year EPS of $8.45 in 2027 and $9.45 in 2028.
• Analyst sentiment remains mixed: PPG has a consensus “Hold” rating and an average price target of $126.44, with eight Buy ratings and nine Holds.
• PPG shares opened at $104.89, while the company’s latest quarter showed $2.23 EPS—slightly below estimates—but revenue of $4.50 billion, up 7.2% year over year and above expectations. Institutional investors and hedge funds own 81.86% of the stock.

Investment analysts at KeyCorp assumed coverage on shares of PPG Industries (NYSE:PPG - Get Free Report) in a research report issued to clients and investors on Friday, Marketbeat.com reports. The brokerage set an "overweight" rating and a $133.00 price target on the specialty chemicals company's stock. KeyCorp's price objective suggests a potential upside of 26.79% from the company's previous close. KeyCorp also issued estimates for PPG Industries' Q3 2026 earnings at $2.11 EPS, Q4 2026 earnings at $1.72 EPS, FY2027 earnings at $8.45 EPS and FY2028 earnings at $9.45 EPS.

Several other analysts have also commented on the stock. Mizuho raised their price target on shares of PPG Industries from $125.00 to $135.00 and gave the company an "outperform" rating in a research report on Wednesday, July 1st. UBS Group decreased their price objective on shares of PPG Industries from $130.00 to $125.00 and set a "neutral" rating for the company in a research report on Thursday, July 30th. Wall Street Zen cut PPG Industries from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Citigroup cut their price target on PPG Industries from $125.00 to $121.00 and set a "neutral" rating for the company in a research note on Thursday, July 30th. Finally, Royal Bank Of Canada reduced their price target on PPG Industries from $129.00 to $122.00 and set a "sector perform" rating for the company in a report on Thursday, July 30th. Eight investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, PPG Industries currently has a consensus rating of "Hold" and a consensus target price of $126.44.

PPG Industries Trading Down 2.1%

Shares of NYSE:PPG opened at $104.89 on Friday. PPG Industries has a 12-month low of $93.39 and a 12-month high of $133.43. The company has a market capitalization of $23.32 billion, a PE ratio of 15.03, a PEG ratio of 1.74 and a beta of 1.07. The business has a 50 day moving average of $114.72 and a two-hundred day moving average of $112.40. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 0.72.

PPG Industries (NYSE:PPG - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $2.23 EPS for the quarter, missing analysts' consensus estimates of $2.25 by ($0.02). PPG Industries had a return on equity of 21.07% and a net margin of 9.57%.The firm had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.37 billion. During the same period in the previous year, the business earned $2.22 EPS. PPG Industries's revenue for the quarter was up 7.2% compared to the same quarter last year. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, analysts forecast that PPG Industries will post 7.89 EPS for the current year.

Institutional Investors Weigh In On PPG Industries

Several institutional investors have recently bought and sold shares of PPG. Meeder Asset Management Inc. purchased a new position in shares of PPG Industries in the second quarter valued at approximately $26,000. Resources Management Corp CT ADV increased its position in shares of PPG Industries by 900.0% during the fourth quarter. Resources Management Corp CT ADV now owns 250 shares of the specialty chemicals company's stock worth $26,000 after purchasing an additional 225 shares in the last quarter. Quarry LP acquired a new position in PPG Industries in the 3rd quarter valued at $26,000. Keating Financial Advisory Services Inc. acquired a new position in PPG Industries in the 2nd quarter valued at $28,000. Finally, Community Bank N.A. purchased a new position in PPG Industries in the 2nd quarter valued at $28,000. 81.86% of the stock is currently owned by institutional investors and hedge funds.

About PPG Industries

PPG Industries, Inc is a global manufacturer of paints, coatings and specialty materials. The company supplies protective and decorative coatings used in automotive, aerospace, industrial, marine, packaging and consumer applications. Its products are designed to protect surfaces, improve appearance and provide specialized performance characteristics such as corrosion resistance and durability.

PPG's portfolio includes automotive refinish coatings, original-equipment automotive coatings, aerospace coatings, industrial and protective coatings, packaging coatings, and architectural paints and coatings.

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